Amundi Physical Metals plc Issues New Gold ETC Securities

Amundi Physical Metals plc has finalized the terms for its latest tranche of ETC Securities under the Amundi Physical Gold ETC program. Issued as Tranche 605, a total of 231,000 ETC Securities will be part of a series now aggregating over 47 million units. These securities are linked to gold and offer an initial metal entitlement of 0.04 fine troy ounces, with a subscription trade date entitlement slightly lower at 0.03970145 ounces.

The issue date for this tranche is set for 14 October 2024, and the securities are scheduled to mature on 23 May 2118. The involvement of prominent financial entities like HSBC Bank plc and BNP Paribas Arbitrage SNC underscores the significant backing for this offering. The total expense ratio remains competitive at 0.12% per annum, aligning with investor expectations for cost efficiency.